411 THIRD AVENUE

411 Third Avenue, New Westminster, V3L 2S3

MLS® Number

R2412217

Property Type

Multifamily

Main Location

New Westminster

Bedrooms

6

Total Square Footage

8,260 SqFt

Title to Land

Freehold NonStrata

View

No

Tax Amount

12710.97

Listing Price

$4,600,000

Type of Dwelling

Other

Sub Location

Queens Park

Total Bathrooms

8

Property Age

107

Number of Levels

3

Year Built

1912

Tax Year

2019

Property Description

EXCELLENT HOLDING PROPERTY FOR FUTURE DEVELOPMENT, PRIME LOCATION IN QUEENS PARK. 11 UNIT APARTMENT BUILDING. Trophy property, large land parcel and all three lanes of the block converge to this site, non-heritage, legal 10 suites, all self contained, plus one additional suite and separated metered for all utilities, hydro, gas, cable. Additional separated building with 5 bay garage with good revenue as well. Benchmark property with excellent revenue and yet much less entry cost, excellent cape rate with future development upside. Recent Queens Park OCP 2041 proposed for medium density transition zone towards 6th St. high rise zoning. Newer high efficiency Super Hot smart boiler system, all electrical and copper piping done in 1990's, clean environmental phase 1 recently completed.

Property Location

Listing Courtesy of

RE/MAX Select Properties

Listing information last updated: Wed Jan 01 2020 08:17:37 GMT+0000 (Coordinated Universal Time)

Copyright 2018 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, and BC Northern Real Estate Board. All Rights Reserved. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.

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